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Assume that wheat and corn are subsitutes. What would the impact of a virus that infected the midwestern corn crop on the price of wheat and the quantity of of corn. Use two graphs one for corn and one for wheat.
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
its marginal propensity to consume is 3/4. If its GNPin period10 is 2,048, explain how much labor and capital did it start with in period0.
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Elucidate how much profit does an individual producer make in a month. Is this a long-run equilibrium.
xpect that this strong preference for Japanese products will continue for the next decade. Explain how should this influence your decision to work and save in Japan.
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
Carefully explain how these two deficits are related economically so that changes in one are reflected in changes in the other.
Do economic events affect presidential elections. to test this so -called political business cycle theory. Elucidate what is the expected sign of X.
Patrick Cockburn Iraq Study Group's Cautious Appraisal Leutisha Stills Just How Progressive is Congressional Black Caucus.
Derive IS curve by one of standard methods used in Macroeconomics. Explain in writing to illustrate what market your derivation brings equilibrium and explain how it accomplishes this.
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